Ericsson, Motorola and Nokia are working together on the development of an open and common industry framework for secure mobile electronic transactions.
The joint initiative aims to use existing and emerging standards to create a common framework, and will invite representatives from the telecom, financial and IT industries to make contributions.
The companies are hoping that the payment framework will be integrated as standard into hundreds of millions of mobile devices over the next few years.
Industry executives at the Mobile Commerce 2000 conference in London this week said that the emergence of standards and security services is a key enabler of mobile commerce.
Mike Herman, chairman of the Global Mobile Commerce Forum, said: "Security is a key issue in mobile commerce. Security and payment issues will need to be sorted if the market is to take off. A ubiquitous standard can bring great growth."
New light-guiding nanoscale device can control and monitor a nanoparticle trapped in a laser beam with high sensitivity
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The observations were made using the Atacama Array in the Chilean desert
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